Cifas

Cifas: Fraud Prevention for the UK

Cifas, founded in 1988, is a not-for-profit membership association dedicated to preventing fraud and identifying financial crime in the United Kingdom. With over 500 members from diverse sectors including banking, insurance, and the public sector, Cifas operates as a unique fraud prevention data sharing scheme. The organization's collaborative approach has prevented fraud losses worth billions of pounds for its members since its inception.

Through reciprocal data sharing, members contribute to a knowledge network aimed at effectively combating fraud. Cifas also serves as a platform for sharing the latest news, research, reports, training courses, and events within the UK’s fraud data sharing network. Its impact on fraud prevention is underscored by its position as the world’s first not-for-profit fraud prevention data sharing scheme.

Cifas' focus on the prevention of fraud, including internal fraud, positions it as a vital player in the UK's efforts to combat financial crime. With the potential to further expand its member base and enhance its technological capabilities, Cifas presents an exciting opportunity for investors interested in driving impactful societal change and safeguarding the financial interests of organizations across various industries.